Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

Gruma, S.A.B. de C.V., through its subsidiaries, produces, sells, and exports corn flour, tortillas, and other related products. The company offers corn and wheat flour tortillas; tortilla chips; flatbreads, including pita, naan, chapati, pizza bases, and piadina; hearts of palm; rice; wraps, corn and potato chips, and hearts of palm; and breakfast cereals and polenta. It markets and sells its products under the MASECA, TORTIMASA, MASARICA, MINSA, JUANA, MIMASA, TORTIRICAS, MISSION, TOSTY, RUMBA, BRAVOS, TRONADITAS, GUERRERO, CALIDAD, LA CIMA, Del Fogón, MEXIFOODS, and DELICADOS brand names. The company also designs, manufactures, and commercializes machines for the production of corn and wheat flour tortillas, and tortilla chips under the TORTEC and RODOTEC names; and designs and manufactures equipment for corn masa flour, such as corn milling machinery, as well as provides engineering, design, and construction services. It provides its products to retail customers, including supermarkets, mass merchandisers, membership stores, and independent stores; food service customers comprising chain restaurants, food service distributors, schools, hospitals, and military; and tortilla manufacturers and corn chip producers. The company distributes its products primarily through independent distributors and wholesalers. It has operations in Mexico, the United States, Central America, Europe, Asia, and Oceania. Gruma, S.A.B. de C.V. was founded in 1949 and is headquartered in San Pedro Garza García, Mexico.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item.
A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss.
(source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity.
ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name

Dec '07

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Equity (BVPS)

1.38

1.91

2.41

1.80

2.28

growth rate

38.4%

26.2%

-25.3%

26.7%

Earnings BIT

4,805.09

6,142.79

7,660.62

9,076.54

9,311.24

growth rate

27.8%

24.7%

18.5%

2.6%

Avg.PE

72.44

16.28

12.58

growth rate

-77.5%

-22.7%

ROA

6.96

-31.53

3.46

1.30

12.57

2.37

6.87

10.30

1.79

11.76

10.61

growth rate

-100.0%

100.0%

-62.4%

866.9%

-81.2%

189.9%

49.9%

-82.6%

557.0%

-9.8%

ROE

14.97

-115.85

22.92

7.42

51.86

9.02

26.06

29.03

4.53

28.95

24.94

growth rate

-100.0%

100.0%

-67.6%

598.9%

-82.6%

188.9%

11.4%

-84.4%

539.1%

-13.9%

ROIC

10.11

-53.75

9.72

5.31

22.83

5.74

13.80

18.33

4.15

18.13

15.79

growth rate

-100.0%

100.0%

-45.4%

329.9%

-74.9%

140.4%

32.8%

-77.4%

336.9%

-12.9%

Cur. Ratio

1.95

1.11

1.84

1.47

1.82

1.35

1.62

1.76

1.59

1.62

1.67

growth rate

-43.1%

65.8%

-20.1%

23.8%

-25.8%

20.0%

8.6%

-9.7%

1.9%

3.1%

Quick Ratio

0.99

0.51

0.87

0.54

0.77

0.45

0.67

0.87

0.78

0.86

0.75

growth rate

-48.5%

70.6%

-37.9%

42.6%

-41.6%

48.9%

29.9%

-10.3%

10.3%

-12.8%

Leverage

2.16

7.88

5.71

5.70

3.32

4.38

3.28

2.45

2.60

2.36

2.34

growth rate

264.8%

-27.5%

-0.2%

-41.8%

31.9%

-25.1%

-25.3%

6.1%

-9.2%

-0.9%

Balance Sheet

Dec '07

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Acct.Receivable

8,961.86

7,196.64

7,427.89

8,293.01

10,111.53

growth rate

-19.7%

3.2%

11.7%

21.9%

Acct.Payable

3,547.50

3,555.52

3,914.33

5,204.03

6,512.24

growth rate

0.2%

10.1%

33.0%

25.1%

Cur.Assets

18,336.14

15,468.65

18,514.01

23,109.44

24,707.83

growth rate

-15.6%

19.7%

24.8%

6.9%

Total Assets

42,608.64

40,636.73

44,333.02

56,357.95

60,820.76

growth rate

-4.6%

9.1%

27.1%

7.9%

Cash

1,338.56

1,465.09

2,919.05

5,466.53

3,229.98

growth rate

9.5%

99.2%

87.3%

-40.9%

Inventory

7,644.13

6,556.78

7,816.77

8,682.35

10,789.67

growth rate

-14.2%

19.2%

11.1%

24.3%

Cur.Liabilities

11,350.44

8,805.99

11,667.12

14,245.87

14,752.26

growth rate

-22.4%

32.5%

22.1%

3.6%

Liabilities

28,181.78

22,552.48

25,739.14

30,657.68

34,842.85

growth rate

-20.0%

14.1%

19.1%

13.7%

LT Debt

13,085.42

9,313.12

10,491.55

12,229.87

17,310.05

growth rate

-28.8%

12.7%

16.6%

41.5%

Equity

12,973.06

16,563.65

17,034.17

23,872.09

25,983.68

growth rate

27.7%

2.8%

40.1%

8.9%

Common Shares

483.00

565.00

564.00

564.00

564.00

559.00

442.00

433.00

433.00

433.00

433.00

growth rate

17.0%

-0.2%

0.0%

0.0%

-0.9%

-20.9%

-2.0%

0.0%

0.0%

0.0%

Cash Flow Statement

Dec '07

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Capital Expenditures

1,408.73

1,597.30

2,431.51

5,598.80

5,157.87

growth rate

13.4%

52.2%

130.3%

-7.9%

Cash Dividends

649.12

649.12

692.40

479.36

1,356.67

growth rate

0.0%

6.7%

-30.8%

183.0%

Cash From OA

6,679.43

6,730.00

5,056.77

8,977.30

4,997.89

growth rate

0.8%

-24.9%

77.5%

-44.3%

FCF per Share

0.32

0.64

0.50

0.43

-0.22

growth rate

100.0%

-21.9%

-14.0%

-100.0%

FCF

-1,967.00

-544.00

3,890.00

1,995.00

97.00

-996.00

5,208.00

5,116.00

2,621.00

3,323.00

-319.00

growth rate

0.0%

100.0%

-48.7%

-95.1%

-100.0%

100.0%

-1.8%

-48.8%

26.8%

-100.0%

Income Statement

Dec '07

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Sales

49,035.52

49,935.33

58,279.00

68,206.28

70,580.52

growth rate

1.8%

16.7%

17.0%

3.5%

Op.Income

4,805.09

6,142.79

7,660.62

9,076.54

9,311.24

growth rate

27.8%

24.7%

18.5%

2.6%

IBT

3,652.13

4,917.51

7,044.85

8,683.28

8,056.01

growth rate

34.7%

43.3%

23.3%

-7.2%

Net Income

3,163.13

4,287.31

761.81

5,922.04

6,218.07

growth rate

35.5%

-82.2%

677.4%

5.0%

EPS

4.62

-21.84

2.71

0.77

9.35

2.00

7.16

9.91

1.76

13.68

14.37

growth rate

-100.0%

100.0%

-71.6%

1,114.3%

-78.6%

258.0%

38.4%

-82.2%

677.3%

5.0%

Gross Profit

16,769.94

18,360.58

22,341.14

26,055.69

26,777.53

growth rate

9.5%

21.7%

16.6%

2.8%

Quarterly Statements

Item Name

Sep '17

Dec '17

Mar '18

Jun '18

Sep '18

Earnings BIT

2,312.32

2,508.10

2,138.84

2,518.78

2,435.80

growth rate

8.5%

-14.7%

17.8%

-3.3%

Balance Sheet

Sep '17

Dec '17

Mar '18

Jun '18

Sep '18

Acct.Receivable

9,012.87

10,111.53

9,891.19

10,193.56

9,946.50

growth rate

12.2%

-2.2%

3.1%

-2.4%

Acct.Payable

4,972.45

6,512.24

6,826.93

7,377.86

6,349.47

growth rate

31.0%

4.8%

8.1%

-13.9%

Cur.Assets

23,883.40

24,707.83

26,170.42

29,096.00

25,958.57

growth rate

3.5%

5.9%

11.2%

-10.8%

Total Assets

57,848.83

60,820.76

60,748.26

65,443.75

61,002.66

growth rate

5.1%

-0.1%

7.7%

-6.8%

Cash

3,695.41

3,229.98

4,103.94

5,368.98

3,746.64

growth rate

-12.6%

27.1%

30.8%

-30.2%

Inventory

10,616.80

10,789.67

11,701.02

12,666.51

11,593.79

growth rate

1.6%

8.5%

8.3%

-8.5%

Cur.Liabilities

14,041.06

14,752.26

16,047.99

19,651.36

14,181.47

growth rate

5.1%

8.8%

22.5%

-27.8%

Liabilities

34,778.57

34,842.85

34,769.02

39,716.20

35,421.86

growth rate

0.2%

-0.2%

14.2%

-10.8%

LT Debt

16,910.23

17,310.05

16,092.98

17,247.58

18,378.58

growth rate

2.4%

-7.0%

7.2%

6.6%

Equity

23,075.84

25,983.68

25,988.73

25,739.55

25,592.51

growth rate

12.6%

0.0%

-1.0%

-0.6%

Common Shares

5,363.60

5,363.60

5,345.90

5,316.08

5,310.82

growth rate

0.0%

-0.3%

-0.6%

-0.1%

Cash Flow Statement

Sep '17

Dec '17

Mar '18

Jun '18

Sep '18

Capital Expenditures

1,708.59

1,169.46

610.82

1,074.18

749.82

growth rate

-31.6%

-47.8%

75.9%

-30.2%

Cash Dividends

461.96

461.96

461.96

461.96

463.04

growth rate

0.0%

0.0%

0.0%

0.2%

Cash From OA

1,063.03

2,525.76

758.46

1,775.99

2,140.63

growth rate

137.6%

-70.0%

134.2%

20.5%

FCF

-645.56

1,356.30

147.65

701.81

1,390.82

growth rate

100.0%

-89.1%

375.3%

98.2%

Income Statement

Sep '17

Dec '17

Mar '18

Jun '18

Sep '18

Sales

17,134.55

18,331.07

17,532.13

18,941.79

18,487.64

growth rate

7.0%

-4.4%

8.0%

-2.4%

Op.Income

2,312.32

2,508.10

2,138.84

2,518.78

2,435.80

growth rate

8.5%

-14.7%

17.8%

-3.3%

IBT

2,249.60

2,073.56

1,884.15

2,161.06

2,003.67

growth rate

-7.8%

-9.1%

14.7%

-7.3%

Net Income

1,659.00

1,844.76

1,282.18

1,308.02

1,274.95

growth rate

11.2%

-30.5%

2.0%

-2.5%

Gross Profit

6,411.21

6,987.34

6,510.87

7,163.17

6,990.59

growth rate

9.0%

-6.8%

10.0%

-2.4%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.